Weekly Report Cards of the big boys: four funds that are best performers

Even as Indian markets are underperforming global equities, especially US equities and European equities, savvy investors are making good money by parking their wealth in offshore funds that are denominated in Indian currency.

Consistently for past few months the funds that have exposure to US equities and European equities have been doing well.

For those retail Indian investors willing to take exposure to global equities without being exposed to USD or any other foreign currency, one of the easy option is to invest in INR (Indian Rupee) denominated funds that invest in global equities or funds.

DSPBR World Energy Fund- Reg (G); DHFL Pramerica Top Euro Land Offshore Fund (G); Franklin India Feeder- Franklin Euro Growth Fund (G); and Edelweiss Eur Dynamic Fund Off-shr Reg(G) are the best performing mutual fund schemes if we considered the past one week’s performance.

These funds have delivered returns in the range of 1.62 per cent to 5.63 per cent with DSPBR World Energy Fund -Reg (G) being the top performer.

All of these funds invest in global equities and in offshore mutual funds. Offshore mutual funds are mutual funds that are based in an offshore location outside India.

What is interesting is none of the Indian equity diversified equity funds are making it to the list of top performers, a fact which leads us to suggest that global equities may continue to outperform its Indian counterparts for some more time.